It's a strange thing to write that Mazda sales went up in both the US and China, yet still the company's profits went down in Q2.
Foreign exchange rates are completely out of the company's control, and new plants are only being built because of the company's success and growth. The company still projects that for the financial year that ends in March 2016 an operating profit of 210 billion yen, which is up from 203 billion yen a year earlier.Mazda Motor Corp. today said quarterly profit fell 5.4 percent despite higher auto sales in China and the U.S. that helped cushion the blow of foreign exchange losses and costs booked for new plants in Mexico and Thailand.
Mazda said in a statement that its April-June operating profit was 53.32 billion yen ($430 million). That was down from 56.38 billion yen a year ago.